The strike length has expanded to 350M from my prior calculations of 100m with width of 170m with the depth also expanded.
The golden UG block appears to be 200m deep around 200-400m depth and the length is expanding to 350m, so thats a 30MT ore body there
At Bonanza grades, thats a 1Moz+ resource there on its own.
We all knew production since restart has been low and lower grade & affected by waste stripping, wet season and covid lockdowns
yet they have found whoppers down there & at shallows in Smarts NW & Goldstar -
• Goldstar – 6 m @ 10.00 g/t Au from 66 m
• Smarts NW – 3 m @ 15.53 g/t Au from 97 m
SDD 188
• 1m @ 57.60 g/t Au from 221 m
• 3m @ 10.30 g/t Au from 261 m
• 13m @ 13.74 g/t Au from 273 m
SDD 189
• 11m @ 131.93 g/t Au from 223 m
• 14m @ 8.39 g/t Au from 248 m
• 6m @ 7.56 g/t Au from 209 m
• 2m @ 24.49 g/t Au from 141 m
• 25m @ 2.70 g/t Au from 171 m
"These results are world class by any standard
There are several very high-grade zones with the best gold mineralisation in SDD189 drilled October 2020
with 11m at 131.93 g/t Au from 223m including the best single intercept of 1m at 1176.99 g/t Au from 225m.
The Smarts Underground target is currently mapped over a strike length of approximately 350 metres and to
a depth of approximately 350 metres".
No news on SDD190 yet under assaying for 4 weeks now, SDD191 should have been drilled by now also.
The high grade hits all around are spectacular & world class.
Its now a matter of expanding them & mining them then feeding this into the mill.
12 month forward earnings are at a PER of 1.0 now despite being fully funded with no net debt and total cash of $23M
Market hasnt worked out the effect of this high grade discoveries all around on future production yet, they want to see the money first!
amazing undervaluation
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